Upi Transactions

Is UPI ending free payments? Here's what Finance Minister Sitharaman said

UPI users won't pay a transaction fee for now, but a proposed MDR framework could change how some merchant payments work.

MDR in future only on some merchant UPI transactions: FM Sitharaman

"No MDR framework has yet been finalised," Sitharaman said. She added that consumers would continue to make instant digital payments through UPI without paying a transaction charge

NPCI targets Indian diaspora to drive UPI growth across overseas markets

NPCI plans to use the country's vast diaspora to drive global expansion, while also exploring AI-enabled payments through platforms like ChatGPT and Gemini

Sustained investment needed to run UPI reliably: Payments Council of India

The industry body said consumers and small merchants would remain protected from charges, while any merchant service fees would be commercial arrangements with payment providers

Digital payments need a sustainable funding model for future growth

The Lok Sabha's tax amendment Bill opens the door for future UPI merchant charges, reigniting the debate on funding India's fast-growing digital payments ecosystem

UPI fee proposal could complicate quick commerce's rapid expansion

The proposal to levy a fee on UPI transactions could put quick commerce in the slow lane

'Someone has to pay': RBI Governor on proposal to levy MDR on UPI payment

RBI Governor Sanjay Malhotra says digital payment infrastructure has costs as the Union government weighs bringing back MDR on high-value UPI merchant transactions

UPI clocks record monthly volume as July transactions rise 4.1% to 23.66 bn

Transaction volume rose 4.1 per cent from June and 22 per cent year-on-year as everyday digital payments and growing adoption beyond metropolitan markets supported growth

NPCI plans to mask phone numbers on UPI apps to boost user privacy

Following privacy concerns, NPCI has asked UPI apps to hide phone numbers and make username-based payment IDs the default for new users

What is NPCI's UPI Meta plan that has smaller payment apps concerned?

Smaller UPI apps have urged NPCI to reconsider UPI Meta, warning the proposed one-click checkout feature could further strengthen PhonePe and Google Pay's dominance

Offline payment push: Innovation must include stronger consumer protection

NPCI's offline NFC-based UPI can expand digital payments and financial inclusion, but robust security, fraud safeguards and strong consumer protection must underpin its rollout

Decoded: How offline UPI can keep digital payments running without internet

NPCI is developing an offline UPI system that could enable NFC-based merchant payments without internet connectivity, using secure tokens and deferred settlement

Soon, tap & pay offline via UPI: To work where internet isn't available

This opens up use-cases such as payments on flights and underground trains

Stockbrokers, dealers leading recipients of UPI transactions, shows data

UPI payments to securities brokers surged 38.5% by value in June, while digital gold transactions jumped sharply, according to NPCI data

611 million UPI transactions authenticated using biometrics in June

More than 611 million UPI transactions worth Rs 25,416 crore were authenticated using biometrics in June, reflecting rising adoption of fingerprint and facial recognition

UPI volumes ease after record May; value falls to ₹28.92 trillion

Volumes decline 2% from May's record high, though both value and transaction count remain sharply higher than a year ago

72% women entrepreneurs use UPI, but only 37% invest in tech tools: Study

UPI adoption is rising among women entrepreneurs, but their digital finance journey is also expanding into credit, investments and tech

RBI aligns prudential norms for UPI-linked credit lines with base loans

Central bank says prudential treatment of payment-linked credit facilities will depend on the nature of the underlying loan, irrespective of delivery mode

Prime borrowers emerge as key users of Credit Line on UPI: Suryoday SFB

Suryoday SFB launched its Credit on UPI product in August 2025 in partnership with Paytm

India expands UPI footprint with launch at France's Galeries Lafayette

India on Tuesday launched Unified Payments Interface (UPI) at Galeries Lafayette, a famous department store in Nice, France. Launching the UPI, Commerce and Industry Minister Piyush Goyal said it will further strengthen the economic and technological ties between India and France, reflecting the growing depth and ambition of our strategic partnership. In 2024, UPI was launched at the Eiffel Tower in Paris. "Delighted to launch UPI at the iconic Galeries Lafayette, Nice Massena, France. Bringing India's world-class digital payments platform to one of France's premier retail destinations marks another significant step in UPI's global expansion. With the participation of Lyra Collect and NIPL, this initiative showcases India's ability to deliver trusted, seamless, and interoperable digital solutions at scale," he said in a social media post. Galeries Lafayette Nice Massena is the Nice branch of the famous French department store chain Galeries Lafayette. It is located in the heart of